FEI TIAN COLLEGE: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
FEI TIAN COLLEGE (EIN 45-2926542)
Tax period
2022-04-01 to 2023-03-31
Filed
2024-02-15
IRS object ID
202420469349302362
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-02-15T13:53:41-06:00ReturnTs
Tax Period End2023-03-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN131655065PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LUTZ AND CARR CPAS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1551 FIFTH AVENUE SUITE 400AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10176ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-04-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN452926542EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FEI TIAN COLLEGEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFEITBusinessNameControlTxt
Phone8456720550PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1140 GALLEY HILL RDAddressLine1Txt
CityCUDDEBACKVILLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP12729ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOAN WANGPersonNm
Person TitleDIR. OF FINANCIAL SVCS. & HRPersonTitleTxt
Phone8456720550PhoneNum
Signature2024-02-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJOANPersonFirstNm
Person LastWANGPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRIS BELLANDOPreparerPersonNm
PTINP00541714PTIN
Phone2126972299PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJOSEPH ZHAOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1140 GALLEY HILL RDAddressLine1Txt
CityCUDDEBACKVILLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP12729ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$17,559,434GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.FEITIAN.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2011FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTHE MISSION OF FEI TIAN COLLEGE IS TO PROVIDE AN OUTSTANDING POSTSECONDARY EDUCATION TO STUDENTS THAT IMPARTS KNOWLEDGE AND SKILLS FOR PROFESSIONAL SUCCESS, FOSTERS AN APPRECIATION OF CLASSICAL VIRTUES, AND PREPARES STUDENTS FOR LIFELONG LEARNING.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee70TotalEmployeeCnt
Total Volunteers33TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$9,051,894PYContributionsGrantsAmt
CY Contributions Grants$10,001,555CYContributionsGrantsAmt
PY Program Service Revenue$7,187,275PYProgramServiceRevenueAmt
CY Program Service Revenue$6,749,288CYProgramServiceRevenueAmt
PY Investment Income$3,069PYInvestmentIncomeAmt
CY Investment Income$15,387CYInvestmentIncomeAmt
PY Other Revenue$880,609PYOtherRevenueAmt
CY Other Revenue$793,204CYOtherRevenueAmt
PY Total Revenue$17,122,847PYTotalRevenueAmt
CY Total Revenue$17,559,434CYTotalRevenueAmt
PY Grants And Similar Paid$6,065,619PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$5,596,591CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,951,432PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,282,138CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$10,117CYTotalFundraisingExpenseAmt
PY Other Expenses$1,007,316PYOtherExpensesAmt
CY Other Expenses$1,156,211CYOtherExpensesAmt
PY Total Expenses$9,024,367PYTotalExpensesAmt
CY Total Expenses$9,034,940CYTotalExpensesAmt
PY Revenues Less Expenses$8,098,480PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$8,524,494CYRevenuesLessExpensesAmt
Total Assets BOY$22,963,034TotalAssetsBOYAmt
Total Assets EOY$31,556,858TotalAssetsEOYAmt
Total Liabilities BOY$440,258TotalLiabilitiesBOYAmt
Total Liabilities EOY$532,122TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$22,522,776NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$31,024,736NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE MISSION OF FEI TIAN COLLEGE IS TO PROVIDE AN OUTSTANDING POSTSECONDARY EDUCATION TO STUDENTS THAT IMPARTS KNOWLEDGE AND SKILLS FOR PROFESSIONAL SUCCESS, FOSTERS AN APPRECIATION OF CLASSICAL VIRTUES, AND PREPARES STUDENTS FOR LIFELONG LEARNING.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$8,440,202ExpenseAmt
Grant$5,596,591GrantAmt
Revenue$6,749,288RevenueAmt
DescFEI TIAN COLLEGE'S PRIMARY PROGRAM SERVICE ACCOMPLISHMENT IS PROVIDING EDUCATION IN CLASSICAL CHINESE DANCE AND EAST-WEST MUSIC TO THE STUDENTS ENROLLED IN ITS PROGRAM. THE COLLEGE ALSO PROVIDES THE STUDENTS GENERAL EDUCATION COURSES IN THE LIBERAL ARTS AND SCIENCES. THE EXPENSES ASSOCIATED WITH THE INSTRUCTION PROVIDED INCLUDE COMPENSATION RELATING TO THE EDUCATIONAL FUNCTION OF THE COLLEGE, TEACHING MATERIALS AND SERVICES. THE COLLEGE RECEIVED APPROXIMATELY $5.9 MILLION IN DONATED PROFESSIONAL SERVICES IN THE 2022 ACADEMIC YEAR.PROVIDING FINANCIAL ASSISTANCE TO STUDENTS IS A HIGH PRIORITY OF THE COLLEGE. STUDENT ASSISTANCE IS PRIMARILY SCHOLARSHIPS, SUCH AS TUITION WAIVERS AND SCHOLARSHIP STIPENDS. MOST OF THE STUDENT BODY RECEIVED FULL SCHOLARSHIPS IN THE 2022 ACADEMIC YEAR. THE COLLEGE RECEIVED APPROXIMATLEY $1.2 MILLION IN DONATED USE OF FACILITIES.DURING 2022, THE COLLEGE SUPPORTED ITS MISSION OF HIGHER EDUCATION AND OF NURTURING IN ITS STUDENTS INTELLECTUAL AND MORAL VIRTUES THROUGH PROGRAM SERVICES. SUCH PROGRAM SERVICES INCLUDE SUPPORT OF STUDENT ACTIVITIES AND PROGRAMMING AND AUXILARY SERVICES, SUCH AS DORMITORIES.Desc
Total Program Service Expenses$8,440,202TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document15IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee70EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc0RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8456720550PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1140 GALLEY HILL RDAddressLine1Txt
CityCUDDEBACKVILLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP12729ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
SEN NIEH
CHAIR OF THE BOARD0.00Yes (X)Yes (X)$0$0$0
LEVI BROWDE
TREASURER0.00Yes (X)Yes (X)$0$0$0
ERPING ZHANG
SECRETARY0.00Yes (X)Yes (X)$0$0$0
GAIL RACHLIN
BOARD MEMBER0.00Yes (X)$0$0$0
SHANTAO LAI
BOARD MEMBER0.00Yes (X)$0$0$0
YINGNIAN WU
BOARD MEMBER0.00Yes (X)$0$0$0
JACOB WALLENBERG
BOARD MEMBER0.00Yes (X)$0$0$0
VINA LEE
PRESIDENT40.00Yes (X)$50,400$0$0
JOE ZHAO
SENIOR VICE PRESIDENT40.00Yes (X)$27,000$0$0
YUAN P LI
VICE PRESIDENT OF ACADEMICS40.00Yes (X)$36,850$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$114,250TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$10,001,555AllOtherContributionsAmt
Noncash Contributions$25,270NoncashContributionsAmt
Total Contributions$10,001,555TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION900099$6,119,100$6,119,100
ROOM AND BOARD900099$630,188$630,188
FieldValueIRS element (for citing)
Total Program Service Revenue$6,749,288TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$15,387TotalRevenueColumnAmt
Exclusion$15,387ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$779,375RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$779,375RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$779,375TotalRevenueColumnAmt
Exclusion$779,375ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS INCOMEDesc
Business900099BusinessCd
Total Revenue Column$13,829TotalRevenueColumnAmt
Exclusion$13,829ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$13,829OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$17,559,434TotalRevenueColumnAmt
Related Or Exempt Func Income$6,749,288RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$808,591ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$5,596,591TotalAmt
Program Services$5,596,591ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$115,750TotalAmt
Program Services$92,600ProgramServicesAmt
Management And General$22,687ManagementAndGeneralAmt
Fundraising$463FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,984,792TotalAmt
Program Services$1,587,834ProgramServicesAmt
Management And General$389,019ManagementAndGeneralAmt
Fundraising$7,939FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$20,855TotalAmt
Program Services$16,684ProgramServicesAmt
Management And General$4,088ManagementAndGeneralAmt
Fundraising$83FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$160,741TotalAmt
Program Services$128,593ProgramServicesAmt
Management And General$31,505ManagementAndGeneralAmt
Fundraising$643FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,872TotalAmt
Management And General$1,872ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$28,859TotalAmt
Management And General$28,859ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$10,893TotalAmt
Management And General$10,893ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$17,789TotalAmt
Management And General$17,789ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$11,292TotalAmt
Program Services$5,646ProgramServicesAmt
Management And General$5,081ManagementAndGeneralAmt
Fundraising$565FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$36,283TotalAmt
Program Services$31,683ProgramServicesAmt
Management And General$4,600ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$52,395TotalAmt
Program Services$39,949ProgramServicesAmt
Management And General$12,342ManagementAndGeneralAmt
Fundraising$104FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$313,999TotalAmt
Program Services$282,599ProgramServicesAmt
Management And General$31,400ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$80,021TotalAmt
Program Services$64,017ProgramServicesAmt
Management And General$15,684ManagementAndGeneralAmt
Fundraising$320FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
STIPEND PAYMENTS$463,900$463,900
CLASSROOM SUPPLIES$35,524$35,524
EQUIPMENT AND REPAIRS$31,104$26,652$4,452
ACCREDIDATION & ASSESSM$29,562$29,562

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$42,718TotalAmt
Program Services$38,368ProgramServicesAmt
Management And General$4,350ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$9,034,940TotalAmt
Program Services$8,440,202ProgramServicesAmt
Management And General$584,621ManagementAndGeneralAmt
Fundraising$10,117FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$484,898BOYAmt
EOY$6,238,754EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$12,628,069BOYAmt
EOY$14,169,124EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$20,918BOYAmt
EOY$35,909EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$18,690BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$12,123,815LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,155,029LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$9,468,094BOYAmt
EOY$9,968,786EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$342,365BOYAmt
EOY$1,144,285EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$22,963,034BOYAmt
EOY$31,556,858EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$94,383BOYAmt
EOY$141,122EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
EOY$53,125EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$345,875BOYAmt
EOY$337,875EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$440,258BOYAmt
EOY$532,122EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$22,522,776BOYAmt
EOY$31,024,736EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$22,522,776BOYAmt
EOY$31,024,736EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$22,963,034BOYAmt
EOY$31,556,858EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$8,524,494ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$22,534OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,000,000BeginningYearBalanceAmt
End Year Balance$3,000,000EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,000,000BeginningYearBalanceAmt
End Year Balance$3,000,000EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,000,000BeginningYearBalanceAmt
End Year Balance$3,000,000EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,000,000BeginningYearBalanceAmt
End Year Balance$3,000,000EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,000,000BeginningYearBalanceAmt
End Year Balance$3,000,000EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY1.00000BoardDesignatedBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,913,439OtherCostOrOtherBasisAmt
Book Value$1,913,439BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,756,590OtherCostOrOtherBasisAmt
Depreciation$613,092DepreciationAmt
Book Value$5,143,498BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,453,818OtherCostOrOtherBasisAmt
Book Value$2,453,818BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$707,145OtherCostOrOtherBasisAmt
Depreciation$565,799DepreciationAmt
Book Value$141,346BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,292,823OtherCostOrOtherBasisAmt
Depreciation$976,138DepreciationAmt
Book Value$316,685BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$9,968,786TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
SECURITY DEPOSIT LIABILITY$187,875
REFUNDABLE ADVANCE$150,000
FieldValueIRS element (for citing)
Total Liability$337,875TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$25,210,918TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$7,674,018DonatedServicesAndUseFcltsAmt
Other Revenue-$22,534OtherRevenueAmt
Revenue Not Reported$7,651,484RevenueNotReportedAmt
Revenue Subtotal$17,559,434RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$17,559,434TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$16,708,958TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$7,674,018DonatedServicesUseFcltsAmt
Expenses Not Reported$7,674,018ExpensesNotReportedAmt
Expenses Subtotal$9,034,940ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$9,034,940TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART XI, LINE 2D - OTHER ADJUSTMENTS:FormAndLineReferenceDesc
ExplanationLOSS ON DONATED STOCK -22,534.ExplanationTxt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media0PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
SCHOLARSHIPS359$5,337,121VALUE OF TUITION FORGONECREDIT AGAINST CLASS TUITION
ROOM AND BOARD74$259,470VALUE OF ROOM AND BOARD FORGONECREDIT AGAINST ROOM AND BOARD

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationMOST OF THE STUDENTS RECEIVE A FULL SCHOLARSHIP.ExplanationTxt

Schedule M IRS990ScheduleM

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescEQUIPMENTDesc
Contribution1ContributionCnt
Noncash Contributions Rpt F990$25,270NoncashContributionsRptF990Amt
Method Of Determining RevenuesFAIR MARKET VALUEMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 4THE BOARD OF TRUSTEES COMPLETED A COMPREHENSIVE REVIEW AND REVISION OF THE BYLAWS IN FALL 2022 TO COINCIDE WITH THE COLLEGE'S ACCREDITATION APPLICATION PROCESS. THE FOLLOWING CHANGES WERE APPROVED: -THERE WAS MINOR RENAMING AND REORGANIZATION OF SOME OF THE ARTICLES OF THE BYLAWS -THE TERM FOR TRUSTEES WAS CHANGED FROM 3 TO 5 YEARS -A CONFLICT OF INTEREST PROVISION WAS INCLUDED -A PRESIDENTIAL SEARCH AND SELECTION PROVISION WAS INCLUDED -MENTION OF SPECIFIC COMMITTEES WAS DELETED; THEY ARE FULLY DESCRIBED IN THE COLLEGE GOVERNANCE DOCUMENT
FORM 990, PART VI, SECTION B, LINE 11BTHE 990 IS SENT TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. THEY ARE REQUESTED TO REVIEW THE DOCUMENT AND RESPOND WITH ANY QUESTIONS OR COMMENTS WITHIN A SPECIFIC TIMEFRAME. AFTER ALL COMMENTS OR QUESTIONS ARE ADDRESSED, THE 990 IS FILED WITH THE IRS.
FORM 990, PART VI, SECTION C, LINE 19COPIES OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9:LOSS ON DONATED STOCK -22,534.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1DRAGON SPRINGS BUDDHIST INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1140 GALLEY HILL RDAddressLine1Txt
CityCUDDEBACKVILLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP12729ZIPCd
FieldValueIRS element (for citing)
Primary ActivitiesRELIGOUS TEMPLEPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd
Exempt Code Section170(B)(A)(IV)ExemptCodeSectionTxt
Public Charity Status501(C)(3)PublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxt
DRAGON SPRINGS BUDDHIST INC
N
FEI TIAN ACADEMY OF THE ARTS
N

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